Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Any monies for 2024 will not be matched till March 2025. They posted the 2023 match today. Your account will be left open in order for them to post 2025. Don't forget about this even though you have moved on. Good luck in your job search!

Makes sense. This doesn't help OP, but something that may be useful given the circumstances is:

1. download all copies of your paystubs and W2s while you have a token
2. switch all of your comp documentation sends from electronic to paper until you feel not at risk. Good to have a copy no matter what happens

Your token will need to be active to access workday outside of citi network.

Your severance will come sometime after your last day. I got mine almost two months after my last official day.

Were you put on a 90 or 60 day non-working notice or are you still physically working until your last day?

I wish it wasn't as opaque. I did some research earlier and hopefully this helps a bit:

1. https://workday.citi.com/ is accessible from outside the network. You can download paystubs there. That being said, you need SSO and I'm not sure that's still enabled for you.

2a. Check your time off balance in your last active pay period (see paystubs in #1)
2b. @tpo+1rzTuBGQ has a good excerpt from the handbook. You may be able to access the full documentation at https://handbook.citibenefitsonline.com/cit-3a0-401k-us-web-j.html. For matching, it sounds like your pay on June 30 the previous year is what they'll match (provided you've been with Citi longer than one year)

Background: "Qualifying compensation for a year (the "current year") is the sum of:...Base pay as of June 30 of the current year, excluding any shift differential, as annualized (for participants hired or re-hired after June 30, regular base salary as of hire date will be annualized) and including any Before-Tax Contributions that you make under the Plan, a cafeteria plan or a qualified transportation fringe benefit plan; ". There are some additional additions to qualifying compensation that may be helpful.

4. Try #1 above

@khg+1rzTuBGQ, your explanation is very clear. Thanks.

Citi doesn’t covers 401k for first year

Pretty sure that the 6% match is based on your total comp for the year (not per paycheck as the Citi contribution is annual), provided that you contribute 6%. So if for example your total comp is $100k, and you work for 1/4 of the year (through March), you would have earned 25k. Your total comp would be 25k for 2024.

Presumably, if you have contributed 6% of that 25k, or $1,500, Citi should match that $1,500. I don't think they will match 6% of the 100k ($6k), as you are no longer an employee and your 2024 comp will be significantly less.

Thank you, @vom+1rzTuBGQ.

I just checked the Citi benefit document published on 1/1/2023, it says:

"If you terminate employment voluntarily or involuntarily (including as a result of a reduction in workforce), you will receive any Company Matching Contribution you have earned; you need not be employed on December 31 to receive a Company Matching Contribution."

However, this still does not resolve my original question, whether the match amount is based on per paycheck or annual income.

1. matches only 6%, there is a cap I don't remember the $ amount. The match you will get is only for 2023 nothing for 2024, since one has to be employed till December of that year to get match.
2. Unused vacations are paid at base salary. The only way to check, that I know of was the time off balance (I used to check it often).
3. I have no idea.
4. Call Connect your care, I don't think there is a way of accessing pay stubs but I may be wrong.